Trade flows are bound to be disrupted from the spillover of trade tensions in the shipping market. In its latest weekly report, shipbroker Gibson said that “both the US and China imposed prohibitively expensive port fees on tonnage linked to the other country. The...

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ClassNK has added Japan’s first hydrogen-fueled tugboat TEN-OH to its register, which is built by TSUNEISHI SHIPBUILDING Co., Ltd. This vessel was developed and build under the ‘Nippon Foundation Zero Emission Ships Project’, a grant program by The Nippon Foundation...

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Iron ore futures headed for a weekly loss, with concerns surrounding the demand outlook due to U.S.-China trade tensions coinciding with prospects of rising ore supply for the remainder of the year. The most-traded January iron ore contract on China’s Dalian Commodity...

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Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil XOM to be delivered at the end of 2025 or in early 2026, in rare imports from the South American producer, trade sources said on Friday. Indian Oil Corp IOC, the...

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Erik Thun Group has launched Thun Renew, the third out of eight vessels in its innovative R-Class series, at Ferus Smit Shipyard in Leer, Germany. Continuing the legacy of Thun Resource and Thun Reliance, the R-Class stands for “Resource Efficiency”-vessels designed...

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Kongsberg Maritime proudly marks a decade since the launch of its pioneering rim-drive permanent magnet thruster technology, celebrating both its 10th anniversary and almost 100 orders for this groundbreaking propulsion solution. Following extensive trials of the...

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